Message #6 From:
NewsBot Date: December 14, 2006 01:00:00 AM
WDWT News World Waste Technologies Appoints Veteran Waste-to-Energy Industry Executive Dave Gutacker to Board of Directors
SAN DIEGO, Calif.--(BUSINESS WIRE)--World Waste Technologies, Inc. (OTCBB:WDWT) today announced that it has
appointed Mr. David Gutacker to its Board of Directors.
Mr. Gutacker is a long-time waste and energy industry operating
executive whose 35-year career includes president and COO of American
Ref-fuel, a $2 billion waste-to-energy company which became part of
Covanta (NYSE:CVA) (www.covantaenergy.com),
and senior plant construction and operation manager at Occidental
Chemical.
As a member of the board, Mr. Gutacker will spearhead the Company’s
effort to analyze and commercialize its technologies for conversion of
municipal solid waste into energy products and ethanol. He will also
assist in project management, construction management and scaling
operations as the company makes plans to develop and operate future
projects. Mr. Gutacker will replace Thomas L. Collins on the board of
directors who is stepping down from the board and who remains with the
company.
“Dave Gutacker’s
addition to our Board adds significant expertise, and is an important
part of our strategy to recycle municipal solid waste (MSW) into usable
end products through the application of our patented and proprietary
technology,” said John Pimentel, CEO.
“Our initial plant in Anaheim has now
processed over 2500 tons of MSW into cellulose biomass. We have
primarily used this cellulose to produce paper products, and we are
investigating the production of other products, including energy
products including electricity, steam and ethanol. Dave will be a great
help as we pursue these energy production strategies,”
continued Pimentel.
“Dave’s background
as a waste industry pioneer and veteran waste-to-energy industry
executive is an ideal addition to the company’s
leadership as we execute our strategy to expand beyond paper pulp and
into the renewable energy sector,” said
Pimentel. “We are delighted to have someone
of Dave’s exceptional caliber join our board.”
Mr. Gutacker has 35 years experience as an industrial executive
specializing in waste and energy plant construction, operations and
management. Currently, he serves as chief executive officer of Gutacker
Group, a consulting firm specializing in evaluating and improving
waste-to-energy production projects. Previously, he was interim
president and CEO of Agrifos Fertilizer where he led a highly successful
two-year turnaround of that company.
Prior, Mr. Gutacker spent 14 years with American Ref-fuel, advancing
from its first plant manager to president and chief operating officer of
this premier $2 billion waste-to-energy company. Earlier, he served 14
years with Occidental Chemical managing complex engineering and
industrial plant operations -- including plant manager of one of the
first waste-to-energy facilities in the U.S.
“I am excited by the potential to bring my
skills and network to the solid team of professionals at World Waste,”
said Mr. Gutacker. “I’ve
been converting solid waste into higher value energy products for most
of my career, and I look forward to helping World Waste commercialize
and expand this technology.”
Mr. Gutacker earned his B.S. in Industrial Technology from the
University of New York, and his MBA from Canisius College, Buffalo, NY.
Company Update
In the paper products area, World Waste has now successfully supplied
over 350 tons of wetlap pulp across three paper companies. “We
are now in the process of incorporating what we have learned and what we
continue to learn in the design, construction and operation of Plant #1
into the development of sites and designs for additional plants,”
said Pimentel. The Company believes the preferred sites and designs will
have certain characteristics, including a relatively high volume of MSW,
a desire by the community to increase recycling rates to minimize the
amount of this waste being disposed of in landfills, and relatively high
landfill tip fees. Meanwhile, the Company continues its controlled start
up process at Anaheim Plant #1 to determine the optimum level of
operations. This start up process continues to include occasional and
extended operational stoppages for a variety of reasons including the
installation and upgrade of equipment at the plant.
In the energy products area, the Company is investigating a variety of
alternatives for unlocking the natural energy stored within our
cellulose biomass product and our other residual product streams. These
products include the use of gasification technologies to produce “green”
electricity, syngas, steam, biofuels, and other products from MSW.
In the ethanol area the Company is investigating the feasibility of
converting its cellulose biomass product into ethanol using acid and
enzymatic hydrolysis processes. “Based on our
preliminary analysis, we believe our cellulose biomass has certain
characteristics that may make it a viable raw material for the
production of ethanol, and we will continue our work on how to best to
develop these processes at a commercial scale,”
said Pimentel.
About World Waste Technologies, Inc.
World Waste Technologies, Inc. is seeking to commercialize a patented
technology that management believes will allow a significant amount of
Municipal Solid Waste (MSW) to be recycled. A major component of MSW is
paper-based material, and the company's technology converts paper,
cardboard, and paper packaging found in MSW into a cellulose fiber
material that can be processed and sold to box and paper manufacturers,
or potentially be used in making other products such as energy products
including electricity, syngas, biofuels, and ethanol. The company
recently completed construction of its initial facility in Anaheim,
California.
Safe Harbor Statement
All statements regarding potential results and future plans and
objectives of World Waste contained in this press release, are
forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from our expectations include, but
are not limited to, those factors that are disclosed under the heading
"Risk Factors" and elsewhere in our documents filed from time to time
with the Securities and Exchange Commission. Other risk factors may
include, but are not limited to, our ability to obtain financing on
acceptable terms, or at all, cost overruns in connection with the
construction of our plant, working capital constraints, fluctuation in
quarterly results, and increased competition for the fields targeted by
the company, our ability to commence operations as scheduled, the
economical operation of the process we intend to operate and our ability
to protect the proprietary technology we use. Further, the company
operates in an industry sector where securities values are highly
volatile and may be influenced by economic and other factors beyond the
company's control, such as announcements by competitors and service
providers.
The contents of this press release are presented as a general overview
of the company. It is intended only to contain general information
regarding the company and its business and does not purport to provide
complete disclosure or analysis of all matters which may be relevant to
a decision to make an investment, including all risk factors or similar
considerations. Although the information is believed current as of the
date herein, the information may be subject to change, amendment or
supplementation, and the company does not expect, and assumes no
obligation, to update or otherwise revise the information herein.
